Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kingbird, inc. issued 1,100 shares of stock. prepa

Kingbird, Inc. issued 1,100 shares of stock. Prepare the entry for the issuance under the...

50.1K

Verified Solution

Question

Accounting

image
Kingbird, Inc. issued 1,100 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) The stock had a par value of $5 per share and was issued for a total of $46,200. (b) The stock had a stated value of $5 per share and was issued for a total of $46,200. (c) The stock had no par or stated value and was issued for a total of $46,200. (d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $46,200. (e) The stock had a par value of $5 per share and was issued for land worth $46,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve the IVP: y’’’ – y ’= 2sinx where: y(0)=0, y’(0)=0, y”(0)=1 Use an annihilator method, please.

Basic Math
Q

Using full adders and some other gates, design subtractor that subtracts an 8-bit binary number [Y7...

Electrical Engineering
Q

Thermodynamics An insulated piston/cylinder device contains ideal CO2 gas at 800 kPa, 300 K, which is then...

Mechanical Engineering
Q

12 What is the height to which a liquid rises between two long parallel plates...

Physics
Q

A fix amount of nitrogen gas 1 mole is taken and is subjected to pressure...

Physics
Q

Two point charges of 0 2 C and 0 2 C are separated by 108...

Physics
Q

Find the surface area of the rectangular pyramid 9 2 t 118 O 230 1...

Geometry
Q

Evaluate the following integral 3 fx 8x dx

Calculus
Q

a Silva looks down at her computer on the floor with an angle of depression...

Algebra
Q

The West Shore Furniture Company uses normal job order costing in its only production department....

Accounting
Q

Tax Return 2-1 Jeff and JoAnn Jefferson are married and have a joint consulting business...

Accounting
Q

How much was Harry's 2020 Cash Flows from Operating Activities? How much was Harry's 2020...

Accounting